Lesson
Pricing your product or service
& Basic FinancePoints to help you price right.
HOW TO PRICE YOUR PRODUCT OR SERVICE
- Calculate your direct costs.
- Calculate your costs of goods sold or cost of sales.
- Calculate your break even point.
- Determine your mark up.
- Do some research on what the market median is.
- Scan the competition.
- Revisit your pricing regularly.
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